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Seven days ago CRO was trading at $0.20 before the Coinbase news. It's now over $0.34 ...

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by COINS NEWS 195 Views

... and I made this post here on r/CryptoCurrency:

https://www.reddit.com/r/CryptoCurrency/comments/qia3ri/lets_talk_about_cro_and_why_its_still_underpriced/

Right now, the current price of CRO is a balmy $0.3420 and holding steady (a +70% rise in one week). Yes, that's in large part due to the decision by Coinbase to list CRO and the associated publicity that Matt Damon's global advertising spot has generated. Not to mention the CRO logo is EVERYWHERE these days - UFC, F1, PSG, Serie A, College Football, Twitch Rivals, etc.

But that is only hype and we all know only too well that today's crypto hype is tomorrow's crypto wilderness. Alone and forgotten.

So, why another post about CRO? Because the rise in price is reflecting something FAR more important that hype: fundamentals. On Monday Crypto.com is launching Cronos and from that moment this coin will become mainstream gas - just like BNB, etc.

Cronos:

Cronos is the EVM chain running in parallel to the Crypto.org Chain. It aims to massively scale the DeFi ecosystem, by providing developers with the ability to instantly port DApps from Ethereum and EVM-compatible chains, with funding from Particle B’s $100m EVM fund and access to the 10M+ user base of the Crypto.com ecosystem.

I'm not suggesting that CRO is ever going to perform as well as BNB (supply, marketcap, etc), but I do think the new chain is going to be receiving a LOT of attention in the coming weeks and months as (among other things) more than one DEX is going to launch on Cronos.

Hopefully coming on Monday on the Cronos mainnet (DeFi):

  • VVS Finance
  • PhotonSwap
  • CronaSwap
  • CroDex
  • Tectonic
  • Leonium
  • + lots more

So .... buckle up and DYOR as always!

submitted by /u/sandygws
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